nice gbpusd 4 hr setup, simple head and shoulders. on the daily we're in a nice downtrend however price broke the descending trend line, tp 2 looking for a second retest of the TL
usdcad daily, nice head and shoulders with price forming a double top at the right shoulder rejecting 61.8% fib. usdcad 4 hour looking to short after a rejection off the ob+ 61.8% fib however not sure where to put SL as i dont wont to put it above the wick as that is 65 pip sl
we can see price has broken the descending channel and attracted buyers which have then sold off and formed a double top. Big potential move If we break back into the channel
price has broke the ascending trend line and im now waiting for a retest of the TL swell as a bounce off the 61.8% Fib
looking for potential longs, let me know what you think!